A lot of people have been curious about a new product that recently came out called the Penny Stock Prophet. On his sales page, James Connelly claims to be an Ivy League educated stock market wizard who can predict the rise and fall of the financial markets and has an amazing system by which he trades that he shares with his subscribers. Needless to say, a claim like this is naturally met with quite a bit of skepticism and a lot of people have probably labeled it as a scam.

So is Penny Stock Prophet a scam?

The truth is it’s not. I’m a subscriber to James Connelly’s service and have been extremely pleased with his picks. James has an amazing system for targeting stocks that are on a tipping point and will create a huge amount of growth within the near future, and as a result, he gets rave reviews from his subscribers like myself.

Some people are very skeptical even of my claims that Penny Stock Prophet is not a scam, so let me give you a few examples of picks that have been sent out to me that have really grown and given PSP members a fantastic trade to profit off of:

GORX: Picked on January 22 2010, Jumped 89 percent in just a few hours!

RCYT: Picked on February 22 2010, Jumped 54 percent in a single day!

LYJN: Picked on March 17, Jumped 91 percent in a few days!

On average, James’ picks perform well, but even when they do not perform well, he still manages to average somewhere around 30 or 40 percent for every trade that he sends out. Could you imagine the average mutual fund manager averaging 30 or 40 percent per trade or even per year? And not only are his trades well timed and effective, but he also gives out specific profit targets for every trade so you know when to get in and when to get out. There are just no guessing games with PSP.

Some people still think that James Connelly is scamming people out of their money by making claims no human being could possibly live up to, but after seeing real live picks go up and getting the alerts in my inbox to prove them, I’ve become a believer! Penny Stock Prophet is most definitely not a scam and anyone interested should most definitely check it out.